In the extremely complicated global
market for water purifiers, numerous well-entrenched global and regional
companies are striving to gain competitive advantage over one another. Some of
the prominent strategies that the leading manufacturers are likely to apply are
extreme concentration on of product differentiation and leveraging cutting edge
technologies to find an answer to their issues related to product
differentiation and portfolio expansion. The competition between both the
international and the domestic players are likely to intensify in the years
ahead owing to their struggle to gain an upper hand through technological
advancements. The various other means that the companies are adopting to have a
firm stance in the market are strategic alliances and acquisitions. Apart from
this, the leading vendors are also known to put to use advanced distribution
networks and after-sales services.

The global market forlaboratory water purifieris likely witness a noticeable CAGE of 11.6% from 2017 to 2022. The
market was worth US$10.060 bn in 2016 and is expected to touch a valuation of
US$19.259 bn by the end of 2022.

How
is rising areas of application a boon for the market?

The advent of novel and advanced
technologies are aiding in the development of high-end laboratory water
purifier with enhanced functions. Technical investments, mainly in developing
nations of Asia Pacific is a prime factor that is expected to supplement the
growth of the market in the near future. Another prominent factor that is
expected to catalyze the progress of the market is the use rising use of these
purifiers in different application areas. They are increasingly being used not
only in laboratory activities but also related fields, thus generating an
intense demand for the product in the years yet to come, mainly in the Asia
Pacific region.

What
factor will crimp the demand?

In spite of the market having a good
scope of growth in the future, it might face certain slowdown in the coming
years owing to low level of awareness regarding the product among a vast
section of consumers. The fact that customers lack knowledge on the type of
purifier to be used for different applications, is expected to hamper the
growth of the market in the years to come. However, the players can seek
privilege from the improving technology and the emergence of untapped market
regions.

Asia Pacific is expected to emerge as a
game changer in the market for laboratory water purifier with technological
advancements on the go. Several companies are investing highly on technological
development in Japan and China and the rising deployment of laboratory water
purifiers in various sectors of these countries such as OEM, clinical
diagnostics, pharmaceuticals, and hospitals.